TWO

Innovation, entrepreneurship
and enterprise development

South Africa’s National Development Plan (NDP) calls for large-scale job creation in the small enterprise sector. Across Africa, small and micro enterprises play a crucial role in employment creation.

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Many entrepreneurs and start-ups struggle to access finance to launch their businesses. Many fail within the first two years, making them a risky proposition for credit providers. Africa urgently needs innovative financial solutions for small and micro enterprises. Many of Africa’s entrepreneurs and emerging business owners also need to develop their financial and business management skills, to build sustainable enterprises. We’re working with our small enterprise clients to develop specific solutions that will enable them to grow, while minimising risk to depositors.

SUPPORTING WOMEN ENTREPRENEURS IN ZAMBIA.

 

 

Developing young entrepreneurs

Standard Bank’s Youth Accelerator Programme, in collaboration with the National Youth Development Agency, held 15 boot camps for potential young entrepreneurs in 2017. The programme focuses on the mining and construction sectors.

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The future of Nigeria and Africa is in the hands of the youth and there is no better time to arouse and deepen their knowledge and entrepreneurial skills than now.
– Yinka Sanni, Chief executive of Stanbic IBTC, Nigeria

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